Market Analysis of XAUUSD on Friday 28 July 2023

2023-07-28 19:05Fonte:BtcDana

XAUUSD  TECHNICAL ANALYSIS SHORT TERM VIEW    

     XAUUSD  is running in positive trend so it can jump above 1987.50 level without touch 1892.50 level .Its important support area is 1937 to 1965 level as shown in graph .It is very good buy near to support for upside direction above 1987.50 .At level of 1987.50 level it has made irregular correction so this target can come sharply anytime.Stop loss is 1902.

 QUICK FUNDAMENTAL LOOK                                                                     

Gold recouped some losses on Friday as the dollar stalled, but still headed for its worst week in five after data pointing to a resilient U.S. economy soured bets for a dovish tilt in U.S. monetary policy.

POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.

Mais